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20131202
20131210
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Search Results 0 to 9 of about 10
CNBC
Dec 9, 2013 3:00pm EST
shopping in other venues and moving into retail environments like macy's like nordstrom, because one of the values we offer her is service. the service aspect is very important because the absolute value price differential between the top end of mass pricing and the opening end of prestige is not very much. research we've be done shows, for example, we reduced consumer's concern about a choice -- >> when i think about service, i think about people jumping in your face and waving perfume at the counter. >> you used mac, for example. makeup artist show you the right techniques. >> in the store. >> at the store. macy's at estee will help you find the right shades for your skin and help match it for you. when you realize, that service aspect helps confirm for the consumer she's made the right choice the expert has helped her make the right choice for herself or someone else and that value proposition is worth something to her because she's confident and she doesn't have to do it again. >> and you have a great relationship with a lot of makeup artists at a time when the proliferation of cont
CNBC
Dec 4, 2013 3:00pm EST
challenging environment for companies that want to roll that debt over. >> jonathan brodsky, i know you're taking profits anyway, but isn't it possible that until the fed starts signaling or that it's imminent, which they're not doing here, couldn't it market move higher? >> yeah, we're not saying to remove yourself from the market. we're saying valuation is king, especially in the market conditions we're seeing right now. the objective from our perspective as value investors is to take our profits from what we think are expensive securities, scour the globe for opportunities, and put our capital to work in securities that are trading at a much lower value we think have good prospects. >> lance, there's actually a raging debate about the valuation of the market because there are two pieces of this, i should say. >> we keep hearing this. there's price and then earnings. what you think the earnings projection is has a lot to do with how expensive stocks look here. what's your take on it? >> that's a great question. if you look at the revenue growth, top line of income statements for corporat
CNBC
Dec 3, 2013 3:00pm EST
short end. you don't want to go long with rising interest rate environment. munis are awesome. fabulous to have in portfolio for balance and diversification. i'm not telling anyone to run from munis. i say grab them. the market is difficult, it's tight. >> do you agree? there's a warning to be taken from muni bond investors? >> i don't think it's one that's going to be broadly applicable. i don't think it's one to scare people away from the asset class. i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the m
CNBC
Dec 6, 2013 3:00pm EST
competing on price point in an environment where the mall is incredibly promotional. there's not a lot of newness out there in the marketplace. and i think that their customer base is already used to these promotions and wants more out there. then you take into account as well the inventory of the sales spread is widening. comps are becoming more difficult. they're making numbers but based on share buyback and more aggressive cost cutting. we think at current levels there's not a lot of levers to pull. we don't disagree with adrian about the long-term opportunity but right here, right now, the way the whole group is looking into the holiday season, why get involved? why take the risk today? >> what do you think, adrian? >> we have a 12-month view of this stock. i would say few retailers, everyone is under promotional pressure. merchandise margins are down. if you can pull other levers, buy back stock of which they bought back 4% of their shares in the third quarter, very committed to shareholder value. and touch the st&a lever, to us in the near term while the environment remains v
CNBC
Dec 10, 2013 3:00pm EST
how you think the housing market is shaping up today in an environment where we see the ten-year at 2.8%? some on cnbc predicting the taper coming in sooner sthan we think? >> as all the builders have been thinking about lately, our business has been flat since the summer. flat's okay for 2013 considering where we were in '10 and '11. we're anxiously awaiting the spring selling season. taper, i think it's a bit of old news. i think everybody knows it's coming. to predict the exact month when it comes i don't think is affecting our business. mortgage rates are still at historic lows. buyers have been a little cautious lately with some of dysfunction of washington, d.c. we feel -- we're cautiously optimistic about where we're headed in 2014. >> can you talk about, you know, your houses typically go to slightly higher income buyer. are they still largely buying in cash? what's mortgage financing here and what trends do you see heading into 2014? >> about 20% of our buyers are all cash. the ltv for our buyer, the amount they put down, is about 33%. they're only borrowing 67%. so, our cl
CNBC
Dec 2, 2013 3:00pm EST
2014. that environment for fixed income market could last a long time. >> do you sense the market getting ready for the fed meeting later this month? maybe taper talk at that point? much of the same we've gotten in the past few months? what's going on with the market there? >> with a lame duck fed chairman, i don't think there's a chance, not even a remote chance, this meeting coming up in december is going to show us anything we don't already know or make more clear what is impossible to make clear and that, of course, is when janet yellen takes the reins and when she will rein in programs. if you wanted to participate in three or six-month bill auction, here's what you saw on the website of treasury direct. basically gone fishing. traders say whatever the glitch was, hats off to them for not just rolling the dice and seeing if it went okay. we know that other parts of the government seem to have that tactic. as far as interest rates -- >> what -- >> go on. >> what is it with government websites? >> it's unbelievable. i'm so glad we're not listening to potentially drones deliveri
CNBC
Dec 5, 2013 3:00pm EST
retail environment this year, generally is that it's the high-end that's seeing the buying power and the low end that isn't. why do you want to be short effectively a name like tiffany if that's the case? >> it's really just a case of pricing and valuation. i think, you know, when you have this big of move, a 15% move, all the good news is priced into this stock. you've got a story of -- a long story of many months of rising prices for tiffany's shares. and so you have so many people who have interest in closing out and taking profits when a move comes this strong. i expect there's not going to be profit taking on all this news. and people have priced in everything that brian's mentioned. what we'll see is 80 dollars before we see 100. >> i was just going to say, what's it worth, then, john? give us a number where you'd start buying it again. >> i'd buy it somewhere towards 80 to 85. you want to wait at least a month before you get there. i wouldn't touch it before 85. i'd probably wait till 80. >> brian, just to you, where do you think the stock can go next year, in 2014? >> look, l
FOX Business
Dec 4, 2013 3:00pm EST
environment. i do know from a historical standpoint they may not be the absolute cheapest, but it is still an attractive rate environment. i see this as a good time to think about strategic moves. liz: one more question about the stock market. i whip out to see the bubble pop? >> i have no idea. if you look at a lot of the transactions that have occurred, they have beenghtful, valuatione careful. we are in an environment look at the interest rate level and look at earnings, the market appears to in effect caught up with the earnings of the company. i can't really sit there and say there is a bubble or not, but my own view is it is still on pace. there is a huge desire for people to go ahead and be invested the cubbie companies ae buying back the stock, and that is an innovation of the value. liz: the tapering issue, is there a taper survival guide? at some point it has to end. we talk about there being a shot clock that has to run out. begin to scale back. >> the balance sheet is large given all the repurchases that have occurred. there is no survival guide. people at the end of the
FOX Business
Dec 10, 2013 3:00pm EST
,keystone pipeline, are you concerned about the regulatory environment? there's a lot of concerns about fracking technology in the company. does that worry you as the ceo of a company that that is your main business right now? >> i think it's a very active market, and keystone specifically is very important i think not just for the u.s., but our relationships with canada, it's very important to the canadian market. we think it's an important project, a project the president should approve. but, obviously, there's environmental risks and concerns, and i think they need to be taken seriously and addressed. cheryl: the president's also calling for more domestic, more must money to be put into ports, railways, things like that. how much work is out there for you if you're a player in this space right now? >> well, it's a huge opportunity and one that if you think about states and municipalities, they've really struggled through the down turn, they don't have a lot of money to invest in local infrastructure projects. i think we need to double down on that, that's where the growth comes from.
FOX Business
Dec 2, 2013 3:00pm EST
here is the thing. the rising interest-rate environment. it is hard. listen. it is hard to gain these markets. you know what i am saying? sometimes a start to go up. high-yield bond. when the markets are up sometimes that is reflected in junk bond prices as well. so i won't tell you a market player. the street is looking to cut. it looks like it is in this play. >> a ton. they take their bonuses and bynum by lamborghini. they pay so much a stock. you don't have the price component. that has an impact. david patterson, a pretty liberal governor of new york, i like him personally. the conversation. i am for the wall street bonuses . i want to be paid in cash. as a politician in new york a want to spend money here. >> they used to set up a pop-up harry winston down the store. those are the days. >> i like it. i'm looking in my face, and i like it. liz: it's not horrible. what an endorsement. not horrible. >> my these things i have a horrible voice. liz: you do not. now give you that. >> singing voice. that i haven't heard. closing bell ringing in 30 minutes. the company that says you any
Search Results 0 to 9 of about 10